Houston-Based Oil Storage Company Adds Tankage to Meet Customer Demands

HOUSTON (August, 2007) – Houston Fuel Oil Terminal Company (HFOTCO), a major Houston-based provider of crude and residual fuel oil storage, today announced its plans to build new storage capacity on its property north of Jacintoport Boulevard, which is located on the Houston Ship Channel.  This expansion will increase HFOTCO’s overall tankage capacity  by 1.6 million barrels .  Additionally, HFOTCO will expand its current infrastructure and waterfront capacity to complement this expansion.

William T “Bill” Wilson, President and CEO for HFOTCO stated that “Houston Fuel Oil is responding as quickly as possible, within construction time constraints, to the growing demand for crude and residual oil tankage in the greater Houston area.  Additionally, we will remain proactive in pursuing creative ways to add future resid tankage on our Jacintoport Boulevard property to meet customer needs.”

This expansion, combined with  previously announced expansions, will increase HFOTCO’s residual fuel oil and crude storage capacity by over 2.8 million barrels in the next 3 years.  This expansion will also bring HFOTCO’s total capacity to almost 13 million barrels.